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<div class ="TITLEFORM">Import of Goods and Services</div>
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  <p>Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce & Industry, Department of Commerce, Government of India regulates the Import Trade. Authorised Dealer Category - I (AD Category - I) banks should ensure that the imports into India are in conformity with the Foreign Trade Policy in force and Foreign Exchange Management (Current Account Transactions) Rules, 2000 framed by the Government of India vide Notification No. G.S.R.381 (E) dated May 3, 2000 and the Directions issued by Reserve Bank under Foreign Exchange Management Act, 1999 from time to time.</p>
  <p>Applications for withdrawl of foreign exchange shall be made to AD exceeding USD 5000 for import into India. Where the foreign exchange is used for import of goods into India, Authorised Dealer bank should ensure that the importer furnishes evidence of Import. This section covers the time limit of imports, time limit for deferred payment arrangements, time limit for import of books, import of foreign exchange/Indian Rupees, import of Indian currency/notes, conditions for advance remittance for import of goods/diamonds/aircrafts and other aviation related purchases/import of services.</p>
 <p>This section as well covers the mode of receipt of import bills and documents and evidence of imports.</p>
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<a href="#" onclick="ShowBodyUiApplication('Postyour~IOGAS')"><u>Query - Import of Goods and Services</u></a>

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